Page 1031 - Company News

Foxconn's Indian Arm Bharat FIH to invest Rs 400 cr in Rising Stars Hi-Tech

Rising Stars Hi Tech focuses on manufacturing and selling of Hi Tech electronic and electrical products, including televisions, EVs, telecommunication devices, and IT hardware and components

Hospital and pharmacy chain Aster to fuel India expansion through buyouts

Aster plans to add an additional 1,500 beds to the current 4,800 capacity in the world's most populous country over the next three years and "look at companies that are not listed

ED files first charge sheet against Chinese smartphone maker Vivo, others

The federal probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation

Adani Electricity to provide 60% of renewable electricity to Mumbai by 2027

Adani Electricity supplied 100% renewable energy to its 3 million subscribers in Mumbai for 4 hours on Diwali

Adani Ports in talks for acquisition of SP Group's Gopalpur Ports in Odisha

Adani Ports & Special Economic Zone is pursuing a potential Rs 1,100-1,200 crore acquisition of Gopalpur Ports from Shapoorji Pallonji Group, which would bolster its presence along the eastern coast

Adani, Wilmar may sell part of their stake in AWL to private equity firms

AWL stake sale to be one of the largest in recent times

Adani Ports board to meet on December 12, to consider raising funds

In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 MMT (million metric ton) -- a robust 42 per cent on-year increase

Citigroup reorganisation to be completed in first quarter, to cost $1 bn

The bank maintained its estimate for 2023 expenses at $54 billion, excluding a special assessment from the Federal Deposit Insurance Corp. of about $1.65 billion

ONGC to cut gas flaring, use green power at oil wells: Chairman Arun Singh

By 2028, this gas is intended to be replaced with green power wheeled to installations as far as 160 km from the west coast

Luxury carmaker Lamborghini's Revuelto sold out in India, globally for 2026

Lamborghini is confident that its strong sales and investment in electrification will continue to drive its success in India and around the world

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

In contrast, Tata-owned BigBasket lost ground, seeing a 3 per cent decline in M-o-M MAU in November, and DMart Ready decreased by 2 per cent

Amazon targets Shein with sharp fee cuts for cheap apparel sellers

It's rare for Amazon to reduce the so-called referral fees it charges merchants on its online store, and no other changes of that nature were announced

Apple Inc requests more time to comply with EU norm in older iPhones

Claims that putting in a universal charging port in older models will adversely impact its PLI targets

Air India changes aircraft order with Airbus, cites 'business requirements'

Indian carrier had placed order for 250 planes with European manufacturer

Strong order book to help Lamborghini see steady growth in India: Official

Automobili Lamborghini, which launched its first plug-in hybrid super sports car Revuelto with V12 engine on Wednesday, said almost all its cars to be delivered in India 2024 onwards will be hybrid

Network18 group announces consolidation of TV, digital news businesses

It will enable Network18 to consolidate and further grow its business from a position of strength, the statement said

Trafigura sets aside $127 mn provision for Brazil, US DOJ fine to end probe

Trafigura is alleged to have made profits from these contracts amounting so far to $143.7 million

DRL partners with Coya Therapeutics to develop nerve disorder therapy

Amyotrophic Lateral Sclerosis (ALS) is a fatal neurological disorder characterised by progressive degeneration of nerve cells in the spinal cord and brain

Dr Reddy's, Coya Therapeutics ink licensing agreement for ALS cure drug

Dr Reddy's Laboratories on Wednesday said its unit has inked a licensing agreement with Coya Therapeutics Inc to develop a combination therapy for the treatment of amyotrophic lateral sclerosis (ALS).

Paytm to trim small-ticket postpaid loans after RBI tightens norms

It disbursed personal loans amounting to Rs 3,927 crore and merchant loans worth Rs 3,275 crore in Q2FY24